One thing is for sure and that is sell your coins only when the market value of the coins which you are having starts rising to this much of value that you can get some very good amount of money in the form of profit by selling your bitcoins. There is no right time for selling your bitcoins.

It is you who has to make this decision that now is the time to sell your bitcoins and that you can only do once you get satisfied with the money which you are getting in return.

Why till 2020 ? More or less you will be proven wrong as bitcoin price will bounce back into $20k levels within this month for sure. Only the new investors who are treating bitcoin like any other stocks may get panic and will decide to cut losses earlier. But for those who are believing into the core concepts of bitcoin will not get panic even they have bought bitcoin above $10k levels.

May be losses in profit portions but definitely not in initial capital. Because I do see lots of people are holding bitcoins at least from 2015 and they might have bought bitcoins around $500 to $800 levels hence they will not go into any stressful experience.

Do you still believe into whales manipulations ? All you must have to know is, whales will lose their power when bitcoin community grows as well whales would have cashed out their bitcoins by the levels of $5000/$10,000. So, we do not need to worry on whales till today.

$100k price levels are highly possible for bitcoins within 2018 as there are lots of new investors are coming in and lots of many positive news are happening around bitcoin ecosystem. All we need to do is, just hodling tightly.

But, I feel he is very right in every part except the subject of this topic. Recovery is inevitable but we cannot be sure when it will take place. I am somewhat confident before end of this month we can see bitcoin prices to start flying again toward 30k dollars as I am believing 100k dollars as year end target price levels.

Having more patience and waiting for bitcoins to bounce must be a right options in front of all the bitcoiners. But I am not seeing this action with most of them as market still face huge selling pressures.

You may go wrong as per what happened with bitcoin prices in previous years. Bitcoin went to $1200 in 2013 and then fell down to $180 in 2015 and then raised to $20,000 in 2017. So, you never need to worry on today's bloodbath as bitcoin prices are always tend to recover from any kind of downfall.

I am a long term holder. I preferred to hold even bitcoin prices touched some peaks from $220. I am targeting million dollar levels for bitcoins hence I am not basically bothering about in between time ups and downs.

You may not be right all the times. Just imagine a situation where pseudo anonymous feature of bitcoin is being tracked. I mean, a person will receive money in one verified bitcoin address and his spending will be traced by other known and verified addresses. If he spend some bitcoins to some unknown address then a question will be raised. This way government may track the in and out of money flow.

This can help preventing corruption in my understanding. Here we need to note if a person has another stream of bitcoin income from other source then government cannot track that. But his main source of money will be under monitor if this bitcoin will be legalized.

Actually the profits from various ICO projects have been reduced and also most of the ICO projects turn out to be scam and just rum away taking all the invested money by various investors which gives bitcoins more importance.

Any newly coin faces several issues like listing on several exchanges, price dump, etc but as compared to bitcoins, bitcoins do not have any such problem and also bitcoins can be trusted much more easily. But most of the other successful alts can surely take the place of bitcoins soon if the network of bitcoins keeps remaining congested.

Yes, like any other property, we also must give same important for this digital property also. Yes, bitcoin is being recognized as digital asset hence we must nominate who is going to use bitcoin after us. This is kind of responsibility for a every bitcoiner so that they can be sure their hard work will not be wasting after them.

When we are handling over our other property to our next-generation then why not we cannot plan what we are going to do with our bitcoin after our life. It is a mandatory for every bitcoiner with their bitcoin savings.

Every gambler starts gambling as a non-addict but over the time due to frequent gambling they are becoming addicted to gambling and it is highly affecting their most of the relationships.

Gambling with your friends is a good idea but at the same time your friends may enforce you to keep gambling in some situations. If you are strict enough about that then you can continue your safe gambling. Gambling is by nature addictive, some times an addicted friend also will lead to disasters unexpectedly.

Until you will be recognizing what you are doing, I am afraid you will never stop gambling by coming back among your losses. You must come out of your hallucination of making money from gambling. If you think you are living in a real world of easy money making opportunities then probably until the end of your life you will never find any improvement in your lifestyle. Better make a difference before it will be too late for any change.

You will have 100s of reasons for coming back to gambling. But realizing the true is the only thing that will stop you from keep going into gambling.

Poker and sports betting are few exceptional gambling types and we cannot take them as an example for making use of experience while gambling. Gambling is not alone based on skill set. So, we cannot be sure all the times to make use of our experience in gambling.

Only if gambling is all about skills and technical aspects then we can be sure making use of our experience to make profits with a gambling. But most of the gambling games are just a test for your luck for that particular day.

When luck is the deciding factor then how you can depend on your experience ?

Yes, this is quite better than to work blindly. You shouldn’t be working in this field if you don’t have any basic knowledge of what is right and what is wrong. Many people have been scammed by the hackers and other fake exchanges as they don’t know what are ifs and buts of it. So, trading requires some strong conceptual knowledge so that the results can be produced better.

I do not even advise the use of bots. Yes, a lot of people have been making a lot from it if you can get the setting right, but bots only deal with settings and they normally do not use their own mind to make some decisions humans would normally have. They can still go a long way though, but like you said, it is better to learn, have the skills to even know how you want to set a bot to work for you.

One probable reason why you keep losing a lot in trading is because you see it as gambling and that is the reason a lot of people will never win. Trading requires a lot of attention to every detail, the ability to learn without rushing into it, and once you go the other way round, there is no way you will never lose. Trading is not just something one can just dabble into, you have to learn.

You just have to keep reading, learning new things, seeing how to use different indicators to make a good trade and on and on. This is the only way anyone can do pretty well in trading. No one was born a pro or successful trader, they got their based on knowledge and experience and learning got them there. Anyone who tries to skip that learning stage will only end up shitting up themselves.

There is really no two reasons, except for the fact that the demand is increasing more than the supply. Now, the reason why we see a lot of new investors coming in everyday and buying into bitcoin could be in either two ways. Whereas some may want to get rich quickly, some really are here for the fact that bitcoin will make a really big difference in the future. However, we have not seen anything yet.

Just due to the demand in recent days before the end of last year got so huge and scary that it became totally certain that those stages were not healthy and FOMOs were just the ones trying to get into the system. The reason could be for any reason, either to get rich quickly or to really be a part of the system that would change everything in the long run.

Bitcoins have already grown much and recently they also can be bit back which usually creates a fear in the minds of huge investors. Bitcoin does not always go according to us but also sometimes we do need to take up some loss. Even the price for bitcoins may go down depending on the demand factor. As the demand will increase, the price for bitcoins will too increase giving you good profits.

You should always try to invest the amount you can afford to lose as always you cannot have profits but also sometimes you do need to afford an loss. Bitcoin trading or holding bitcoins is not that easy work and needs a lot of patience and knowledge about the coin you are investing in. Even for me, bitcoins and other cryptos have been profitable and I also have earned a good living due to them presently.

The problem people always have is that they listen to FUD news a lot and they let it affect their decision.

Bitcoin is new and for those who must have looked back in the past, they should know by now that resistance and support is something that makes market what it is and the volatility is as a result of the level at which bitcoin is right now and once uncertainty is over, we will have less of the huge volatility we are having now. It is already regaining its value right now and that means a lot.

Well, he can start from somewhere and if he knows how to trade, I will even advise he starts with that first and make use of the percentage of some of the little profit he gets to look for a good coin to hold. Holding is good, but trust mate, trading is a lot better to make some good profit and increasing what you have, even though risky, with great knowledge, you can do well.

Both day trading and long term trading can be profitable as long as you know what you are doing and you do not see trading as gamble but a real profession that requires a lot of work, effort and learning.

Day trading is very good but you are going to have to be stuck on the monitor each and every day and close the trade every day, but long term is easy as you only need to do quick analysis, set a position and then look forward to it. I combine both anyway, so it all depends on you.

And that is how addiction starts. Gambling is not an investment, so how on earth would anyone ever consider it as a profit making venture. That is totally absurd and I bet time will end up teaching such people lessons anyway, if they eventually decide to even see it as a lesson and not end up as an addict. For those thinking like this, it is better to have the fear now than venturing into it at all.

Positive impact from gambling is most of the times do happen very rarely also those positive impacts will not sustain for longer periods. Hence, positive impact is not at all possible even if it will occur, one gambler cannot enjoy that.

Very unhealthy activity indeed and it is funny that some people after losing a lot still always end up coming back as a result of addiction and that really makes me wonder what they must really be thinking in such situations.

If someone like the OP decided to check back on what would have happened if he held such a coin or token, I am sure they would need no one to tell them that gambling only ends up ruining. Unfortunately most people always prefer to experience those pain instead of staying away by seeing how most other gamblers are struggling.